Technology is advancing exponentially and its adoption is also experiencing exponential growth. Our lifestyles are set to change dramatically as a result. At the same time governments have recklessly taken on so much debt they are unable to govern responsibly. Money printing is rampant and interest rates close to or at zero. A great financial reset is inevitable. As well, Covid has given governments much more control over their citizens which they will not readily relinquish. Covid has also changed dramatically how businesses operate and in fact how we live our lives. The scene is set for Technochasm. Eric Fry, editor of Fry’s Investment report first used the word Technochasm to describe the phenomenon that is dividing our economy — and our stock market — into distinct groups of winners on one side … and losers on the other. Tech-focused and tech-enabled companies are leaving their old-school counterparts in the dust — both on Main Street and on Wall Street.
- Saudi Arabia is building a futuristic mega-city called Neom deep in a desert bordering the Red Sea.
- The state has pledged at least $500 billion to make it happen, and is soliciting further investment.
Another good example of technological change is Electric Vehicles and Driverless vehicles both developing at a phenomenal rate, made possible by 5G. Experts predict that by as early as 2030 – that 95% of new car sales will be Electric Vehicles (EV) largely due to the development of solid state batteries when 1000 km range will become the norm, and charging time cut to 5 minutes (80 per cent). EV self driving cars will reduce the traffic volumes by 80% on the roads. Imagine the impact this will have on our how we live our lives. You will not own a car, you will order a driverless car for each occasion. A minicar for one person to go to work or an eight person vehicle for the family to go on an outing. Homes will no longer need garages. The vehicle that takes you to work will immediately be sent on another errand or to a Battery Recharge Station.
What about robotics? Amazon already has a robotic warehouse. It operates 24 hours a day, seven days a week and for the most of the time it does not need the lights on. Robots make few order processing errors so the Customer Service Department was reduced dramatically.
Robot restaurants are popping up all over downtown San Francisco, as a futuristic option for people to grab fast food for cheap. The latest example is Creator, a robotic restaurant that specializes in making gourmet hamburgers with their all-in-one burger robots. This video takes you behind-the-scenes of their appointment-only smart kitchen to learn more about how robots will be the future of food in urban cities. Why they say Robot restaurants won’t take your job is because without robots these restaurants would not exist because the owners could not afford the space needed nor pay the staff costs required for a restaurant using manual labour.
Blockchain technology is another big disrupter, its impact will be almost if not bigger than the internet. Blockchain technology will break the shackles of centralization and provide better options to end-users. At the core, blockchain is a decentralized, peer-to-peer ledger-based network where there is no central authority. It will take the middle man out of so many transactions across most sectors of industry (trade and finance) and government.
Another aspect of the Digital Revolution is digital money. Bitcoin is already mainstream but in addition China is set to launch the digital yuan latest 2022. America will not be far behind as they realise the digital yuan will give China an edge to challenge America as the dominant international currency.
Put all this radical exponential technological change together with Governments that are no longer able to govern wisely and we have Technochasm. The rich are getting richer and the middleclass and the poor are getting poorer. The young believe previous generations, particularly this generation have destroyed the planet to the extent it now threatens their existence. They are taking to the streets and to violence to effect change, anarchy and lawlessness is escalating. I believe the scene is being set for the prophesied Antichrist to step onto the stage, the strongman able to solve the worlds problems. However, Bible prophecy tells us we still have two significant middle east wars before the little horn (Antichrist) of Daniel 7 & 8 is revealed. Regardless, time is short, Christians need to get about our Master’s business to share the Gospel, the only good news for a world that is facing the wrath of God.